Church Health at Crosstown Concourse in Memphis is the largest private faith-based health clinic in the U.S. The innovative design successfully co-locates multiple healthcare-related program and functions to offer patients a full-service clinic, wellness center, and community gathering place – all under one roof.
Last week, the CDFI Fund announced $3.5 billion in New Market Tax Credits (NMTC) allocation for developing low-income communities nationwide. Out of 206 that applied, 76 CDEs received allocation awards, including three organizations in the Valley. DV Community Investment, Prestamos CDFI and the Phoenix Community Development and Investment Corporation received a combined $145 million in credits for the most recent 2019 award cycle.
Washington – The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) announced $3,548,485,000 in New Markets Tax Credits today that will spur investment and economic growth in low-income urban and rural communities nationwide. A total of 76 Community Development Entities (CDEs) were awarded tax credit allocations, made through the calendar year (CY) 2019 round of the New Markets Tax Credit Program.
Rural King announced Tuesday it will expand its distribution center operations in Waverly, creating 75 new jobs in this newest expansion. Headquartered in Mattoon, Ill., Rural King operates more than 120 farm and home stores in 13 states. The Waverly distribution facility opened in 2015 and currently operates with approximately 370 associates at the location. This facility services a majority of Rural King stores, fulfills e-commerce orders, and completes assembly for Rural King tractors. Rural King chose Ohio for its work ethic and talent in the region. Ohio’s logistical advantages also help the company reach a broad area of the Midwest and Southeastern U.S.
Dak Americas LLC, an integrated producer and recycler of polyethylene terephthalate (PET) resins that is based in Charlotte, North Carolina, has announced plans to expand its facility in Richmond, Indiana. According to a news release from DAK Americas LLC, the PET recycling company plans to invest $32 million and to hire 30 full-time employees at the facility by the end of 2021. The Economic Development Corp. (EDC) of Wayne County, Indiana, reports that it plans to provide a $140,000 Economic Development Income Tax (EDIT) grant to help Dak Americas with costs associated with the purchase of new equipment and machinery, building construction, adjacent land and training of new and incumbent employees.
April 2020 marks DV Community Investment’s 10th Anniversary - Our mission of renewal and revitalization of low-income communities nationwide has never been more urgent. Over the past 10 years, our community development financing activities have directly created over 10,000 quality permanent jobs. The majority of these jobs are accessible to people facing barriers to quality, living wage employment, a key factor in breaking the cycle of persistent poverty. We are proud to see the impacts that our NMTC investments have had over the past 10 years which would not have been possible without the amazing organizations we have funded. So much work remains and we are truly excited for what the next 10 years will bring.
Thomasville Regional Medical Center will officially open its doors on Tuesday morning! Thomasville Regional Medical Center has been in the works ever since the only hospital in rural northern Clarke County closed. The new medical center will provide health services to ~40,000 patients annually.
New York Times, by Cindy Hirschfeld - After checking into the Bigelow, the grand but aging dame of Ogden hotels, dating from 1891, I wandered next door to the Monarch, an arts incubator and event space that is part of what is being called the Nine Rails Creative District. A former garage for the Bigelow and now on the National Register of Historic Places, the industrial-chic building houses 40 working artist studios, a cafe, gift shop and more. On this First Friday evening, the place buzzed as locals wandered in and out of studios, wine in hand, and an alt-rock band played in the entryway.
To better serve Warsaw and the surrounding communities, Parkview Warsaw will be expanding to become a full-service hospital. Plans include space for up to 30 inpatient beds, surgical services and additional specialty care.